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ALMADO, Ordinary Profit Forecast for the Fiscal Year Revised Downward to an Unexpected 30% Decrease, Dividend Revised down by 25 Yen

Fri Feb 13, 2026 3:30 pm JST Earnings

4932 ALMADO,INC. 【J-GAAP】

Earnings Report

ALMADO,INC. <4932> [TSE Std] announced its financial results after the market closed on February 13th (15:30). The ordinary profit (non-consolidated) for the cumulative third quarter of the fiscal year ending March 2026 (April to December) significantly dropped 63.3% from the same period last year to 0.15 billion yen.

In addition, the full-year forecast for ordinary profit has decreased 37.2%, from the previous forecast of 1.03 billion yen to 0.65 billion yen (compared to 0.93 billion yen in the previous period). This changes the outlook from an anticipated profit increase to a projection of a 30.3% decrease in profit.

Based on the full-year plan announced by the company after the downward revision, our estimate of the ordinary profit for the October to March period (second half) has decreased 22.4%, from the previous forecast of 1.72 billion yen to 1.34 billion yen (compared to 1.09 billion yen in the same period of the previous year), leading to a reduction in the profit growth rate from 57.6% to 22.4%.

Due to a decline in performance, the company has significantly reduced its planned year-end lump-sum dividend for the current fiscal year from the original plan of 65 yen to 40 yen (compared to 65 yen in the previous period).

In the most recent three-month period, from October to December (3Q), the ordinary profit increased 43.1% from the same period last year, reaching 0.84 billion yen. The operating profit margin rose from 24.9% in the same period last year to 29.3%.

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Actual Results

Accumulated Results 3rd Quarter
Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Progress Rate vs. First Half Announce Accounting Standards
Apr - Dec, 2023 5,772 682 687 474 49.5 71.3 Feb 14, 2024 J-GAAP
Apr - Dec, 2024 6,425 429 433 299 32.4 46.3 Feb 14, 2025 J-GAAP
Apr - Dec, 2025 8,127 149 159 110 11.9 24.4 Feb 13, 2026 J-GAAP
YoY +26.5% -65.3% -63.3% -63.2% -63.2%

Guidance Update

Second Half Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Oct - Mar, 2025 Prev 4,739 1,742 1,726 1,198 129.5 65 Nov 14, 2025 J-GAAP
Oct - Mar, 2025 New 4,839 1,342 1,340 930 100.5 40 Feb 13, 2026 J-GAAP
Revision Rate +2.1% -23.0% -22.4% -22.4% -22.4%

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2026 Prev 10,000 1,050 1,038 720 77.8 65 May 15, 2025 J-GAAP
Mar, 2026 New 10,100 650 652 452 48.9 40 Feb 13, 2026 J-GAAP
Revision Rate +1.0% -38.1% -37.2% -37.2% -37.2%

Current Period Guidance

Second Half Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Oct - Mar, 2024 4,403 1,103 1,095 761 82.5 65 May 15, 2025 J-GAAP
Oct - Mar, 2025 Guidance 4,839 1,342 1,340 930 100.5 40 Feb 13, 2026 J-GAAP
YoY +9.9% +21.7% +22.4% +22.2% +21.9%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2024 7,538 960 963 695 73.0 70 May 15, 2024 J-GAAP
Mar, 2025 8,477 946 936 650 70.4 65 May 15, 2025 J-GAAP
Mar, 2026 Guidance 10,100 650 652 452 48.9 40 Feb 13, 2026 J-GAAP
YoY +19.1% -31.3% -30.3% -30.5% -30.6%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Oct - Dec, 2024 2,351 586 592 410 44.5 24.9 Feb 14, 2025 J-GAAP
Jan - Mar, 2025 2,052 517 503 351 38.0 25.2 May 15, 2025 J-GAAP
Apr - Jun, 2025 2,516 -880 -871 -604 -65.5 -35.0 Aug 14, 2025 J-GAAP
Jul - Sep, 2025 2,745 188 183 126 13.7 6.8 Nov 14, 2025 J-GAAP
Oct - Dec, 2025 2,866 841 847 588 63.8 29.3 Feb 13, 2026 J-GAAP
YoY +21.9% +43.5% +43.1% +43.4% +43.5%

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